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Tuesday, 03 October 2023

Intelligent Green: Greece is 20 years behind in terms of greenhouse agriculture

A significant part of the surplus value in the primary sector is lost due to the limited exploitation of the domestic climate in the direction of the expansion of greenhouse…

Metrostar Management close to the sale of two modern aframax tankers

Metrostar Management is reportedly very close to a very profitable sale of two modern aframax tankers. These are the ships “Crudemed” and “Crudesun”, with a carrying capacity of 115,000 dwt,…

Greece’s actions on the critical minerals sector

Deputy Minister of Environment and Energy, Alexandra Sdoukou, presented the plan of Greece’s action framework regarding the development of the domestic industry of critical minerals at the High Level Conference…

Listed companies resilient despite lower earnings

Listed companies ended the first half of 2023 with a drop in profitability and sales. However, they showed resilience and proper management of their borrowing which will probably lead to…

ESG criteria to affect bank loans

ESG criteria and especially climate change will determine from now on the investment interest for large companies, as well as their relation with banks. The 150 largest clients of the…

Aegean: “Winter Schedule 2023/2024” offers increased passenger options

AEGEAN announced its new “Winter Schedule 2023/2024” which gives new, increased options to its passengers, with 18 new itineraries in 14 countries, compared to last year’s winter schedule. It now…

First two-stroke ammonia engine available at the end of 2024

MAN Energy Solutions is expected to deliver the first two-stroke ammonia engine at the end of 2024, while from 2025 it is to be tested on dual-fuel ships, in an…

EU green regulations for shipping

The shipping sector is faced with numerous EU regulations and directives concerning the environment in the coming years while strict penalties are also provided. Although industry representatives claim that shipping…

Monday, 02 October 2023

Computers: Market recovery in 2024- Sales on a downward trajectory in 7 months

The computer sector recorded a slowdown in the seventh-period of the year, as a result of the saturation of the market due to the strong sales that had preceded during…

New technologies: Greece will produce organic electronics as of 2025

Τhe first organic electronics mass production unit is expected to be fully operational in Greece by the end of 2025, with an emphasis on the energy sector. It is an…

Greek manufacturing sector under pressure

The Greek manufacturing sector is losing momentum, as demand negatively affected the sector’s overall performance, according to the latest PMI® survey data from S&P Global. More specifically, S&P Global’s seasonally…

ELSTAT: Greece’s unemployment at 10.9% in August

The seasonally adjusted unemployment rate in August 2023 amounted to 10.9% compared to the downwards revised 12.3% in August 2022 and to the upwards revised 10.9% in July 2023, according…

Draft 2024 state budget submitted to Parliament

The draft 2024 state budget was submitted to the Greek Parliament. It forecasts a growth rate of 2.3% in 2023 and 3% in 2024. Gross Domestic Product (GDP) in nominal…

Preliminary investigation into OAKA static efficiency

Athens first instance prosecutor Antonis Eleftherianos ordered a preliminary investigation following the government’s decision to suspend all sporting and cultural activities at the Olympic Athletic Center of Athens’ (OAKA) Olympic…

Stubborn high prices prove difficult to tame

Inflation is falling but high prices remain. Energy costs are also falling but product prices are rising. The feta cheese is now considered a luxury product and the oil’s packaging…

“Wait-and-see” stance dangerous for decarbonization

The United Nations has called the “wait-and-see” stance to decarbonizing shipping dangerous, as environmental regulations and the age of the global fleet pressure for solutions. According to the annual maritime…

Criminal prosecutions and fines for money laundering

Hundreds of taxpayers and businesses have been caught for money laundering and are already facing serious fines and criminal prosecutions. The financial staff of the government is intensifying its actions…

Draft 2024 state budget to be tabled in Parliament on Monday

The draft state budget for 2024, which will be tabled in the Parliament on Monday, sees higher pensions by 3.1%, lower inflation compared to the initial forecasts and growth rate…

Friday, 29 September 2023

EU Commission: Greece lacks strategy for Digital Decade Report 2023

The European Commission is sounding the alarm, once again in Greece, regarding the coverage of ultra-high-speed fiber optic networks connecting to the internet, which is at 28% compared to the…

State Budget Office sounds alarm over effects of catastrophic natural phenomena on economy

The State Budget Office in Parliament is sounding the alarm for the effects of catastrophic natural phenomena on the economy, while recommending special attention so that the management of economic…

Gaming Supervision and Control Committee to submit proposal for casinos modernization

The Gaming Supervision and Control Committee is expected to submit its comprehensive proposal to the Minister of National Economy and Finance for the modernization of casinos in October. The Draft…

Hotel-tourism market attracting series of investments

The Greek hotel-tourism market is attracting a series of investments for the next three to five years, amounting to several billion euros, following the already strong investment activity of the…

Psilos: The “N” conference brought together Greek shipowners and representatives of the Chinese shipbuilding industry

Greek shipowners have built 1,300 ships in China over the last years and “it is now clear that the Greek-owned fleet (5,500 ships) together with the Chinese correspond to 45%…

Deepening of Greece-China relations

The leading role of Greek shipping internationally and China’s important relationship with Greece, which is a hub of the Chinese ‘One Belt One Road’ initiative, dominated the conference organized by…

Plevrakis (HEC) at “N” conference: Greece and China know how to communicate

“As we move forward with the green transition, ports will play a very important role. Ships are the backbone of global trade and ports are a defining factor. They need…

Barbaris (Safe Bulkers): Improvement in Chinese industry – We share common values

Safe Bulkers’ ties to China, the progress made at the Asian giant and the impressive post-pandemic relaunch of Chinese business and economic activity dominated the speech of its president Dr.…

Li Fengli (Shandong Port Group): We will continuously strengthen cooperation with Europe and Piraeus

Li Fengli, Director of the Board and President of Shandong Port Group, spoke about the cooperation of Chinese ports with Piraeus at the “Wind in the Sails: New Opportunities for…

Dermatis (Intermodel): Greece and China represent 45% of the global fleet

The importance of Greek-Chinese cooperation on the shipping sector was underlined by George Dermatis, Sale and Purchase Director of Intermodal, during the conference organized by “Naftemporiki” and “CGTN”, entitled “Wind…

Thursday, 28 September 2023

Yu Zenggang at the “N” conference: Piraeus, a gateway to Europe

Yu Zenggang, Executive Chairman of Piraeus Port Authority, stressed the importance and development prospects of the port of Piraeus, speaking at the conference organized by “Naftemporiki” and CGTN entitled “Wind…

OLTH: Highest bidder for 67% stake of Volos port

The Hellenic Republic Asset Development Fund (HRADF) announced that the Thessaloniki Port Authority (OLTH) has been declared the preferred investor for a 67-percent stake of the state-owned and managed Volos…